Tag: mortgage rates

'Mortgage Trends, Update, Readings: Home Builder Confidence Decreased By A Point, Housing Starts Increased, Mortgage Rates Increased

According to reliable reports, home builder confidence slipped by a point compared to its expected reading and November reading. The current home builder confidence reading is 61. Despite the slip, it is worth noting than readings above 50 means that more builders are confident about the housing market conditions, and December's reading is still higher than the average reading of the year which is 59.

'The Santa Bubble: Why Mortgage Rates are Up Right Now

During the holiday season, interest rates rise by about 0.25 percent across the board, and buying a home this time won’t make buyers happy because they’re going to pay more for their loan than they would have before December. Here are some reasons why it is called the “Santa Bubble.”

'Quicken Loans: 'Planning To Invest In A Home? Buy Now'

People who are planning to buy a house or refinance an existing real estate loan only have a three- to six-month window before mortgage rates increase. A day after the Federal Reserve announced that they are increasing their interest rates, Quicken Loans CEO Bill Emerson encouraged prospective homeowners to make a move before it is already too late.
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